RE:RE:RE:RE:RE:RE:FuryI'm personally waiting very impatiently to get my Copernico shares so I can sell and get my money back.
My original hope was that IB and his team would have added significant value to the SP of the spinouts, but unfortunately they made some pretty big management mistakes with Fury and it never made a difference with T1.
I think we are currently in a gold bull market, but it's the worst case scenario for explorers.
It looks like markets want gold due to the geopolitical risks while it's is risk off for juniors and exploration.
Overall I think this is just another example of the gold junior sector being dead. Right now juniors are un-investable...
The dollar is climbing, the fed will be aggressively raising rates going forward and gold is near all time highs due to the geopolitical risks.
Imo until something breaks in the markets, you are all but guaranteed to see SPs keep going sideways or dump down before the wider markets correct. I'd honestly need at least a 50% drop in the junior sector to even consider taking a large long term position again.
The only people making money in the sector will be the grease ball finacers like Rick Rule.
He will provide very unfavourable financing to capital strapped juniors at the expense of the share holders. (i.e killing even more of the upside for everyone who has to buy in the market)
Maybe when all the goofballs return to kick the tires, it will be a good sign interest is coming back.